Leading growth and regeneration Group, Torus, is celebrating the handover of 84 homes at its Fernley Green development in Kew, Southport.
This milestone marks the completion of Phase 2 of the project, which has been under construction since 2017, and will ultimately see 153 homes built in partnership with local developer, Mulbury.
Redeveloping a former brownfield site, Fernley Green is a multi-generational, multi-purpose development suitable for first time buyers, families’ and downsizers alike.
Available through Shared Ownership and Affordable and Private Rent, the site comprises a mix of 2 to 4-bedroom houses and 2-bedroom apartments.
With the Group bringing much-needed affordable homes to an area where average house prices are typically around £200,000*, Fernley Green will offer people the chance to live in a much sought-after area without overstretching themselves financially.
Through the development of Fernley Green, Torus has also regenerated formerly derelict land and turned it into somewhere people want to live. Constantly striving to create strong, sustainable communities with access to high quality homes that meet identified need, this latest project has recorded high levels of demand, with many properties being reserved off-plan.
Discussing the scheme, Group Head of Developments, Anna James, said:
“We’re thrilled to be working with Mulbury on this development and to be continuing our working relationship on our Flowers Lane development in Leighton, near Crewe.
“As a Group, we collaborate with partners who share our values and put our customers and future residents at the heart of everything they do. As such, Fernley Green has, and continues to be, built in a way that encourages the growth of a strong and diverse community.
“I for one, can’t wait to see Fernley Green complete and this latest landmark in its development is another step closer to seeing the affordable housing offer in Southport bolstered with the types of homes that are genuinely needed, built for the people who need them.”
Continuing, Group Head of Sales, Jeanette Grady, said:
“Fernley Green showcases the need for a variety of ownership and rental options – specifically Shared Ownership – in new developments.
“In light of recent global and national events, increasing access to more affordable housing options has never been more important as we work to tackle the housing crisis. Shared Ownership has increased in popularity over the years, however, with the financial implications of COVID-19 affecting people across the country, it has become an ever-more viable and desirable option for a lot of people.
“This mix of tenure has certainly contributed to the success of Fernley Green, with homes being reserved off-plan before completion. The trend for more flexible options in the housing market is one that will likely grow and adapt with customers’ requirements and as a socially-focused Group, a trend we will continue to stay abreast of and lead in the region.”
Glyn Fazackerley, construction director at Mulbury, said:
“We have built a great relationship with Torus and we’re thrilled to be supporting its aspirations to create a broad mix of quality homes across the region. The homes at Fernley Green offer local people genuine choice over the type of home they want to live in, creating a thriving community in a desirable location.”